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Bitcoin Price Surge Contradicts Lower Open Interest Trends

source-logo  coingape.com 13 November 2023 15:50, UTC

The value of Bitcoin (BTC) has surged by an impressive 10%, even as the aggregate open interest (OI) on perpetual exchanges has shown a surprising decline. This current trend in the cryptocurrency market is stirring discussions among investors and analysts alike, challenging the conventional market wisdom.

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